Nahaharap sa pagtanggi ang mga Spot Ethereum ETF sa gitna ng hindi kanais-nais na mga pulong ng SEC

The U.S. Securities and Exchange Commission (SEC) seems poised to reject several applications for Ethereum ETFs (exchange-traded funds), according to a recent report by Reuters. In recent weeks, conversations between U.S. issuers and the SEC have leaned heavily towards a negative outcome.  Key players in the market, such as VanEck and ARK Investment Management, alongside seven other issuers, face massive roadblocks as the SEC scrutinizes their proposals to track Ethereums spot price.  Unproductive Discussions  The recent interactions between ETF issuers and SEC officials have been largely disappointing from the issuers perspective. These discussions have lacked the engagement and detail-oriented queries that marked earlier meetings, particularly those leading to the approval of Bitcoin spot ETFs.  Four individuals involved in the talks, who preferred to remain anonymous, described the meetings as one-sided, with little to no substantive feedback from SEC staff on the proposals laid out.  This shift in the SEC‘s approach is notable especially considering the background of the agency’s chair, Gary Gensler, a known cryptocurrency skeptic. His leadership has seen prolonged resistance to spot Bitcoin ETFs, citing concerns over market manipulation.  However, the tide had seemed to turn with the approval of Bitcoin spot ETFs, following a successful court challenge by Grayscale Investments. This past approval

2024-04-26Ethereum

Bloomberg Analyst Warns As Bitcoin and Ethereum Spot ETFs Are About to Launch in Hong Kong: The War Begins

Hong Kong‘s market regulator, the Securities and Futures Commission (SFC), has officially approved the first batch of cryptocurrency-related spot ETFs. This is a first for the city and could lead to further growth in the sector, enabling it to become Asia’s leading digital asset hub.  The SFC on Tuesday approved spot-based Bitcoin and Ethereum ETFs by asset managers Harvest Global Investments, China Asset Management (ChinaAMC) and a consortium of Bosera Asset Management and HashKey Capital, according to the regulators website.  Bloomberg Intelligence analyst Eric Balchunas says the funds could begin trading on April 30. He added that management fees were lower on average than previously expected.  James Seyffart, a senior ETF analyst at Bloomberg Intelligence, noted there is a “potential fee war” between issuers. Harvest is waiving all fees for the first six months. After the first period, it will charge 0.3% for both spot BTC and ETH funds, remaining below Bosera-HashKey funds‘ 0.6% and ChinaAMC’s 0.99% management fees.  This approval comes three months after US regulators gave the green light to the first spot-based Bitcoin ETFs in that country.

2024-04-25Ethereum

Bitcoin, Ethereum Trade Lower As Whales Show Signs Of FOMO

Santiment reports that wallets containing 1,000 to 10,000 BTC have accumulated $17 billion worth of Bitcoin in 2024.  Crypto markets turned sharply lower on Wednesday, erasing the previous day‘s gains as traders looked for a “strong” catalyst following Bitcoin’s halving event.  BTC is down 3%, changing hands around $65,000, with ETH trading at $3,175, data from CoinGecko shows.  Presyo ng BTC  Michael Van de Poppe, CIO & founder of MN Trading Consultancy, told The Defiant that as Bitcoin consolidates, it paves the way for the altcoins to gain momentum.  “I‘m frankly not expecting much movement from Bitcoin, I think that we’ll see a strong altcoin period at the end of Q2 or at the beginning of Q3,” he said, adding that “what Bitcoin needs is a strong catalyst that could push momentum.”  Whales show signs of FOMO  Research firm na si Santiment kilala that wallets holding between 1,000 and 10,000 BTC (valued roughly at $66.7 million to $667 million) show signs of “Fear of Missing Out” (FOMO).  Bitcoin Whales Hold Firm  “The critical whale segment that holds between 1K and 10K $BTC is a cornerstone behind the current surge, amassing an additional 266K $BTC since the onset of 2024,” Santiment said. The figure represents 1.24% of Bitcoins total circulating

2024-04-25Ethereum

Malamang na tanggihan ng SEC ang mga aplikasyon ng Ethereum spot ETF, sabi ng mga tagaloob

Spot Bitcoin exchange-traded funds (ETFs) got the green light, but spot Ethereum ETFs might hit the red light. According to a Reuters report published today, sources familiar with recent talks between ETF issuers and the SEC suggest the agency is likely to reject spot Ethereum ETFs during their final review next month.  The SEC‘s decisions on VanEck’s and ARK‘s filings are due May 23 and May 24, respectively. Unlike the discussions preceding the SEC’s approval of spot Bitcoin funds, recent talks have lacked substance, with SEC staff not engaging in detailed conversations about the proposed Ethereum ETFs, according to four people reportedly involved in the meetings with the SEC.  Sources also noted that despite ETF issuers‘ arguments that the approved spot Bitcoin ETFs and Ethereum futures-based ETFs set a precedent, the SEC’s silence on specific concerns suggests a likely rejection.  According to SEC records and sources familiar with the matter, the SEC has not had many meetings regarding the spot Ethereum ETF review. Of the few meetings, only one has been made public. This meeting was with Coinbase, concerning Grayscales bid to turn its Ethereum Trust into an ETF. Coinbase would act as the custodian for this ETF.  If the SEC were to reject

2024-04-25Ethereum

Opportunity o warning sign? 35% lamang ng mga may hawak ng Cardano ang kumikita

Pananalapi  Opportunity o warning sign? 35% lamang ng mga may hawak ng Cardano ang kumikita  Although the recent bull market in the cryptocurrency sector has brought on massive profits for investors in many crypto assets, Cardano (ADA) remains a mystery, with only 35% of its holders in the green – leaving traders to wonder whether this is an opportunity or a warning sign.  Specifically, Cardano stands out among several top Layer 1 networks, including Bitcoin (BTC), Tron (TRX), Dogecoin (DOGE), Ethereum (ETH), and Avalanche (AVAX), with just over a third of its holders in profit, according to the recent data ibinahagi ng blockchain analytics platform sa Abril 24.  Indeed, as the blockchain platforms analysts explained, “Bitcoin remains king,” with Tron “being a close second,” while Dogecoin and Ethereum “also have the vast majority of holders in profit,” which makes Cardano a curious exception to the recent trends and a profitability puzzle.  Pagsusuri ng presyo ng Cardano (ADA).  As it happens, Cardano is one of the ‘losers’ among assets in the crypto market this year, considering it has declined over 20% since the years turn, while the others on the above list have experienced gains – with the exception of Avalanche, which has declined 9.36% during this

2024-04-25Industriya

Nagbebenta si Ted Cruz ng hanggang $500m ng stock ng Goldman Sachs

Pagsusuri sa presyo ng stock na Goldman Sachs  Samantala, ang mga share ng Goldman Sachs ay nasa press time trading sa presyong $422.91, na nagtala ng bahagyang pagbaba ng 0.23% sa araw ngunit gayunpaman ay umakyat ng 4.02% sa nakalipas na linggo at sumusulong ng naipon na 3.91% sa buwanang tsart nito, ayon sa karamihan. kamakailang data noong Abril 25.  Lahat ng bagay na isinasaalang-alang, may posibilidad na ang mag-asawang Cruz ay maaaring magkaroon ng mahalagang impormasyon tungkol sa Goldman Sachs na maaaring negatibong makaapekto sa presyo ng pagbabahagi ng GS sa hinaharap, at sinusubukan nilang kumita ng mas malaking kita hanggat maaari bago ito mangyari.  Ang isang halimbawa ay maaaring ang Goldman Sachs ay umalis sa robo-advisory na negosyo sa pamamagitan ng pagbebenta ng kanyang Marcus Invest digital investing accounts sa digital investment adviser Betterment habang tumutuon sa mga pangunahing lakas ng GS – investment banking, asset management, at trading.  Gayunpaman, ang stock ng Goldman Sachs ay kasalukuyang nagpapakita ng isang malakas na teknikal na rating, nakikipagkalakalan malapit sa kanyang 52-linggo na mataas at higit sa 79% ng iba pang 210 na mga stock sa industriya ng capital market. Iyon ay sinabi, sasabihin ng oras kung ang mga pagbabahagi ng GS ay nagpapanatili

2024-04-25Industriya

Renzos ezETH Loses Peg Amid Controversial Airdrop

ezETH Price Performance. Source: DEX Screener  Moreover, Tommy emphasized that the ezETH depeg incident is a risk that all LRTs must be aware of.  The ezETH depeg caused mass liquidations in several leveraged protocols such as Gearbox and Morpho Labs. The liquidations happened because several users repeatedly used their LRT as collateral to borrow ETH.  “115 Credit Accounts were liquidated, 10,650 ezETH were sold on Balancer pool. Liquidation losses of 25.77 ETH were automatically covered by internal Gearbox reserve fund, no action needed,” 0xmikko, founder of Gearbox, sinabi.  Renzo is the second largest liquid restaking protocol, with total value locked (TVL) currently around $3.21 billion. Renzos TVL has recorded an approximately 125% increase in the past 30 days, according to DefiLlama data.  Interest in the Renzo protocol surged after crypto exchange Binance launched the Launchpool program for its native token Renzo (REZ) on Tuesday. Holders of BNB and First Digital USD (FDUSD) can stake their assets to farm REZ tokens for six days until April 29 before the REZs listing on Binance on April 30.  Renzo allocated 10% of the total supply of 10 billion REZ tokens for the airdrop. Meanwhile, 2.5% of the token supply is allocated to Binance Launchpool.  However, the season 1 airdrop only

2024-04-25Industriya

Ang GBP/JPY ay pumutok ng bagong siyam na taong mataas sa 193.60

Pananalapi  Ang GBP/JPY ay pumutok ng bagong siyam na taong mataas sa 193.60  Balita ng Ethereum ng Bitcoin  The Guppy breaks into new chart territory above 193.60, a nine-year high.  Deflating JPY is rapidly approaching standoff territory with nervous BoJ.  Japanese inflation figures, BoJ rate call loom ahead on Friday.  The GBP/JPY broke into a fresh nine-year high above 193.60 on Wednesday as the Pound Sterling (GBP) sees recovery bidding and the Japanese Yen (JPY) continues to weaken despite increasingly interventionist rhetoric from the Bank of Japan (BoJ).  According to reporting from Nikkei, the BoJ is set to discuss the “impact of accelerating Yen depreciation”, a clear warning shot that the Japanese central bank could be weighing market operations to bring current Yen moves under heel. The BoJ is slated to deliver its latest Monetary Policy Report and rate call early Friday.  The Pound Sterling is enjoying a reprieve from recent selling pressure after Tuesday‘s UK Services Purchasing Managers Index (PMI) recovered significant ground, bounding to 54.9 from the previous 53.1 and vaulting over the forecast downtick to 53.0. The only thing left of note on the economic docket for the UK this week will be Thursday’s GfK Consumer Confidence for April, which is expected to improve, albeit

2024-04-25Industriya

BlockDAG’s $20.3M Presale Interest Shines Over Ethereum Surge

Ethereum  BlockDAGs $20.3M Presale Interest Shines Over Ethereum Surge  BlockDAG is capturing the attention of the cryptocurrency world with its promising 30,000x return on investment (ROI) and the recent buzz created by its moon keynote teaser. On the other hand, as Ethereum continues to show significant market growth, it is driven by technological enhancements and increased adoption. BlockDAG has become a formidable competitor, offering a distinct and innovative approach to blockchain technology. With a projected ROI that significantly surpasses traditional market returns, BlockDAG is not just participating in the evolution of cryptocurrency; it is actively setting new benchmarks.  The excitement surrounding BlockDAG is further amplified by its strategic promotional activities, including the highly anticipated moon-based keynote. This unique marketing approach enhances its visibility within the crowded crypto space and highlights its commitment to leveraging cutting-edge technology to drive interest and investment. As BlockDAG prepares for its upcoming presale phases, it presents a compelling case for investors looking for substantial growth opportunities, potentially reshaping investment landscapes and offering a fresh narrative in the bustling world of digital finance.  Ethereums Market Ascendancy  Ethereums recent price surge is fueled by optimistic forecasts and crucial technological upgrades that boost its functionality and scalability. These developments aim to ensure Ethereums

2024-04-25Ethereum

Hiniling ng SEC sa Hukom na Mag-fine Terraform Labs At Magsagawa ng Kwon $5.3 Bilyon Sa Kaso ng Panloloko ⋆ ZyCrypto

After a jury found Terraform Labs and Do Kwon liable for fraud in its long-standing case with the U.S. Securities and Exchange Commission (SEC), the regulator has asked a New York court to impose $5.3 billion in disgorgement and civil penalties.  SEC Notches Win As Jury Finds Do Kwon Liable For Multi-Billion Dollar Fraud  After Do Kwon‘s Terra empire collapsed in May 2022, over $40 billion worth of investor money was wiped out in a matter of days. A Manhattan jury found Kwon — and his company Terraform Labs — liable on civil fraud charges related to misleading investors about the safety of investing in Terra’s algorithmic stablecoin, Terra USD (UST), and its companion token LUNA.  According to the SEC‘s motion filed just two weeks after the civil trial was concluded, the jury issued a verdict in favor of the agency in all counts. The SEC now wants Kwon and Terraform Labs to pay $4.74 billion in disgorgement and prejudgment interest, as well as a collective $520 million in civil penalties: $420 million from Terraform Labs and $100 million from Kwon. The securities regulator claimed the fine amount was “conservative” but a “reasonable approximation” of Terraform and Kwon’s ill-gotten gains.  In addition to the

2024-04-25Industriya
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